The opening ceremony of the Apple Worldwide Developers Conference (WWDC), which was highly anticipated by investors, started on Monday, with its annual five-day conference running through to Friday, June 14. On Monday, Apple CEO Cook announced the "Apple Intelligence" feature, which integrates AI language models into a wide range of Apple devices, including iPhone, iPad, and Mac. Users can use AI to write articles and check and proofread content in various situations, and can even allow AI to generate images when sending messages. Apple also announced a partnership with OpenAI to integrate the latter's ChatGPT.$NVIDIA (NVDA.US)$Up 2.24%, with a turnover of 44.301 billion US dollars. Former Senior Consultant at Boston Consulting Group, Phil Panaro, recently stated that the continuous growth of artificial intelligence and the launch of NVIDIA's next-generation Blackwell processor may increase Intel's annual revenue in 2030 from 61 billion US dollars in fiscal year 2024 to 600 billion US dollars.

On Monday local time, CES (Consumer Electronics Show) officially announced that NVIDIA founder and CEO Jensen Huang will deliver a keynote speech on January 6, three months later, on the eve of the opening of the Las Vegas grand event. At that time, Huang is highly likely to unveil the RTX 50 series graphics card, featuring the Blackwell architecture, specifically the 5090.

According to previous leaks from insiders, the RTX 50 series was originally Nvidia's focus for the upcoming CES. There were also rumors that the RTX 5090 might debut alongside the RTX 5080. It is said that both graphics cards will be 'more power-hungry', with the 5090 with 21760 CUDA cores consuming 600 watts, 150 watts more than the 4090.

The second.$Tesla (TSLA.US)$Down 3.70%, with a turnover of 16.593 billion US dollars. According to reports, since the launch of the Tesla Cybertruck in 2023, it has been recalled five times due to various issues. To make matters worse for Cybertruck owners, insurance companies have begun to notice the reliability issues with this vehicle and are refusing to insure this model.

Last Thursday, Tesla applied to the National Highway Traffic Safety Administration (NHTSA) in the USA for a recall of 27,185 2024 electric trucks, Cybertruck. This marks the fifth recall of this stainless steel body electric pickup truck since its debut at the end of 2023.

It is reported that these Cybertrucks' rear cameras have image delay issues when transmitted to the display screen, posing a safety hazard and violating federal laws. NHTSA stated that the root cause of this issue is the system not completing the shutdown process before restarting. If a driver starts reversing before the system completes the restart process, the reversing image may be delayed by 6 to 8 seconds before appearing.

Ranked third, up 0.71%, trading at $8.267 billion. According to media reports, the Apple iPhone 16 series has entered full-scale production, and Foxconn's Zhengzhou factory is expanding its workforce to meet production targets. The expected sales target for iPhone 16 series this year is 90 million units, with a hope to achieve 95 million units. $Apple (AAPL.US)$ Falling 2.25%, with a turnover of 8.8 billion US dollars. Brokerage Jefferies published a research report, downgrading Apple's rating from 'buy' to 'hold', with a target price of 205 US dollars, citing 'overly high' expectations for the iPhone.

Analyst Edison Lee from the bank wrote in a report to clients: "We are bullish on Apple Intelligence in the long term, as Apple is the only company able to provide low-cost, personalized AI services through proprietary data as a software and hardware integrated enterprise. However, smartphone hardware needs to be redesigned to achieve true AI, which may take until 2026/27. In our view, expectations for the iPhone 16/17 are premature."

In addition, according to insiders, Apple's augmented reality (AR) glasses are expected to be mass-produced in 2026 and will incorporate advanced Micro LED technology to compete against Meta's Orion AR glasses.

Ranked fourth.$Amazon (AMZN.US)$Dropped by 3.06%, with a turnover of 7.668 billion US dollars. Wells Fargo & Co analyst made a rare downgrade of its rating, citing concerns about next year's profit trend, as the growth of the cloud computing business is unlikely to offset this impact.

Wells Fargo & Co Securities downgraded the stock rating from Buy to Hold, with analyst Ken Gawrelski being one of the few analysts who did not give a Buy recommendation for the stock. He also lowered the target price of the stock from $225 to $183, one of the lowest on Wall Street.

The eighth.$Super Micro Computer (SMCI.US)$Rose by 15.79%, marking the largest single-day increase since May 15th, with a turnover of 4.872 billion US dollars. The shipment data disclosed by the company on Monday highlighted strong demand for AI servers from customers.

Super Micro Computer stated that it recently deployed over 0.1 million GPUs with its liquid cooling solution for some of the largest AI factories and cloud service providers in history. Analysts suggest that if the average price of such GPUs is comparable to Nvidia's $0.03 million chips, it could mean orders worth billions of dollars.

Ranked ninth.$Alibaba (BABA.US)$Closing up 2.61%, with a turnover of 4.449 billion US dollars. Morgan Stanley has upgraded Alibaba's H shares to outperform the large cap, with a target price of HK$141.

Rank 11 $Alphabet-A (GOOGL.US)$ Closing down 2.44%, with a turnover of 3.687 billion US dollars. A U.S. judge ruled on Monday that Google's parent company Alphabet must lift restrictions, allowing developers to establish market platforms that compete with its Google Play Store, potentially overturning Google's dominant position in the lucrative Android app market. In a long-standing antitrust lawsuit filed by Epic Games against Google's app store in San Francisco, a federal judge ruled in favor of the company.

Google responded by stating that they will request the court to pause the changes requested by Epic Games and wait for the appeal result. The company mentioned that the changes requested by Epic could jeopardize consumer privacy and safety, and that it "would lead to a series of unexpected consequences, harming American consumers, developers, and device manufacturers."

Google will argue in the appeal that it competes directly with Apple for consumers and app developers.

The 12th.$PDD Holdings (PDD.US)$Closed down 0.76%, with a trading volume of 3.626 billion US dollars. Morgan Stanley upgraded PDD Holdings ADR to outperform the large cap, with a target price of 224 US dollars.

16th place.$Netflix (NFLX.US)$Closed down 2.47%, with a trading volume of 2.363 billion US dollars. Brokerage Piper Sandler upgraded Netflix's stock rating from 'Neutral' to 'Shareholding' on Monday, raising the target price from $650 to $800. Analysts believe that Netflix's ad-free subscription business has growth opportunities. Netflix has a strong content lineup, which will attract and retain users.

Ranked 19th.$Taiwan Semiconductor (TSM.US)$Rose 1.85%, trading volume of 2.21 billion US dollars. It is reported that Taiwan Semiconductor has made a major breakthrough at the 2nm process node, introducing Gate-all-aroundFETs (GAAFET) transistor technology for the first time. In addition, the N2 process also combines NanoFlex technology, providing unprecedented standard component flexibility to chip designers.

According to reports, compared to the current N3E technology, the N2 technology is expected to achieve a 10% to 15% performance improvement at the same power, or reduce power consumption by 25% to 30% at the same frequency. More notably, transistor density will increase by 15%, signaling another leap forward for Taiwan Semiconductor in the semiconductor technology field.

However, with the upgrade of technology, costs are also expected to rise accordingly. It is predicted that the price of each 300mm 2nm wafer from Taiwan Semiconductor may exceed 0.03 million dollars, higher than the earlier estimate of 0.025 million dollars. In comparison, the current price range for 3nm wafers is about 0.0185 million to 0.02 million dollars, while 4/5nm wafers hover between 0.015 million and 0.016 million dollars. Clearly, there will be a significant increase in the price of 2nm wafers.

Editor/Somer